No fewer than 500 Small and Medium operators across the country have benefitted from the Central Bank of Nigeria (CBN) ₦220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF), as Fidelity Bank Plc says it has disbursed the sum of ₦2.5 billion to operators in the sector. Mr Nnamdi Okonkwo, the bank’s Managing Director/ […]
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Mr. Tony Elumelu, the Chairman, Heirs Holdings, on Thursday, blamed multiple taxes and levies from government for the death of about 95 per cent of Small and Medium Enterprises (SMEs) within their first one year of operation in Nigeria. Elumelu said this at the Lagos Business School Alumni Association (LBSAA) “2017 Alumni Day” in Lagos […]
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The World Bank has initiated a scheme to support small and medium scale enterprises (SMEs) with grants up to ₦10 billion across the nation. Tagged: ‘Bottom up’, the project is conceived to provide grants to SME owners with marketable ideas through model microfinance banking. Development Bank of Nigeria (DBN) will oversee transfer of the grant […]
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The Chairman, Heirs Holding, Mr. Tony Elumelu, says microfinance banks and small businesses are crucial to economic growth He said efforts by the MFBs including Lift Above Poverty Organisation to enhance job creation through lending to small businesses were enhancing economic growth. He therefore said necessary support in terms of ease of doing business, consistent […]
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The Chairman of African proprietary investment company, Heirs Holdings, Tony O. Elumelu, CON has called on the government to prioritise SMEs, the Creative Sector and access to electricity to drive job creation, inclusive growth and the diversification of the economy. He made this call while speaking on the topic “Opportunities, Productivity and Employment: Actualizing the […]
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First City Monument Bank, FCMB, has organized the first in a series of free training programmes for small and medium business owners, in line with its resolve to support and nurture Small and Medium Enterprises, SMEs, in the country. The initiative, led by FCMB’s Training Academy and the bank’s SME Segment Managers, was attended by […]
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Lagos Chamber of Commerce and Industry has said that there is a need to provide greater market access for operators in the Small and Medium Enterprise sector of the Nigerian economy. The President, LCCI, Dr. Nike Akande, said this in an interview with our correspondent after the opening ceremony of the LCCI Members’ Day Exhibition […]
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Governor Akinwunmi Ambode of Lagos State, yesterday, disclosed that through the State Employment Trust Fund, ETF, his administration had in the last one year approved, ₦4.5 billion for 5,527 Medium Small Manufacturing Enterprises, MSMEs. Ambode, through the Secretary to the State Government, SSG, Mr. Tunji Bello stated this at the opening ceremony of the 2nd […]
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Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for the Small and Medium Enterprises (SMEs) . Members of SMEs Projects Review Committee include the Managing Directors of GTBank, Zenith Bank, First Bank, UBA, Access Bank, FCMB, Unity Bank, CBN Director […]
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Fidelity Bank Plc has been awarded the “SME Friendly Bank of the Year 2017” in recognition of its support for Micro Small Medium Enterprises (MSMEs) in Nigeria. The accolade, which was bestowed upon Fidelity Bank Plc at the 2017 Lagos Chamber of Commerce & Industry (LCCI) Awards, is a clear testament of the bank’s resolve […]
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The Central Bank of Nigeria (CBN) ended July with another $195 million injection into various segments of the foreign exchange market as part of its strategies to stabilize exchange rate. A breakdown of yesterday’s disbursement shows that $100 million was channeled into wholesale auction at the inter-bank market as the Small and Medium Enterprises (SMEs) […]
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Guaranty Trust Bank Plc has emerged Nigeria and Africa’s best bank for SMEs during the 2017 Euromoney Awards in London at the prestigious Tower of London, last weekend. Now in its 26th year, the Euromoney Awards for Excellence covers more than 20 global product categories, including the best banks in over 100 countries around the […]
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